TURNKEY ORDERS
Rajesh Power secures ₹1,629 crore order for Gujarat's power infrastructure modernisation
Rajesh Power announced that it secured a ₹1,629 crore order from Gujarat Vij Company Limited for its modernisation project. The project includes upgrading high and low tension electricity distribution networks into underground cable systems. Execution of this turnkey project must be completed within 24 months as stipulated in the contract. This contract expands the company's order book to ₹5,400 crore, marking a substantial increase.
Strong balance sheet, domestic focus, and a moat matter more: 5 large-cap stocks with upside potential of up to 24%
The big event the market was waiting for has come and gone. So, is there greater clarity about where the crisis in the Gulf is headed? Not really. While US President Trump acknowledged the war was one of the reasons his Republican party received a drubbing at the hands of the Democrats, he said he would do it again. Which suggests it is unlikely that the uncertainty and volatility in the markets will go away anytime soon.
KEC International bags Rs 2,872 crore PGCIL orders for 765 kV transmission lines
KEC International has secured orders worth ₹2,872 crore from Power Grid Corporation of India Ltd for 765 kV transmission lines. These contracts involve the design, supply, and installation of the high-voltage lines. The latest wins have contributed to a significant year-to-date order intake surpassing ₹13,500 crore for the company. This includes a major contribution from the Transmission and Distribution division amounting to ₹9,500 crore.
Cyient shares rally 9% after Q2 revenue rises 25%; board declares Rs 12/sh interim dividend
Cyient shares surged on Friday after the company reported a 25% year-on-year rise in consolidated revenue to Rs 2,235 crore in Q2 FY27. Net profit declined 8% to Rs 132 crore. The board declared an interim dividend of Rs 12 per share, while its DET business reported stronger revenue and order intake.
Ravita Engineering Services shares to list today: Check GMP ahead of debut
Ravita Engineering Services is set to debut on the NSE SME platform on Thursday, with a muted grey market premium of around 1%, indicating a potentially modest listing gain. The Rs 116.05 crore IPO, priced at Rs 105–112 per share, was subscribed 7.11 times overall. QIBs led demand with 13.21 times subscription, followed by NIIs at 7.42 times and individual investors at 3.50 times.
HFCL’s AI, data centre exposure drives Nuvama’s Buy call; target implies 56% upside
Nuvama has initiated coverage on HFCL with a ‘Buy’ rating and a target price of Rs 380, implying a 56% upside from its reference price of Rs 244. The brokerage expects the company’s shift towards telecom and networking products, along with rising demand from data centres and exports, to drive earnings growth.
Ravita Engineering Services IPO opens today: Check GMP, price band and other key details
Ravita Engineering Services IPO is a book-built issue worth Rs 116.05 crore, comprising an entirely fresh issue of 1.04 crore shares. The allotment is expected to be finalised on October 19, while the company’s shares are tentatively scheduled to list on the NSE SME platform on October 22, 2026.
Rs 1,024-crore market cap, Rs 10,000-crore order book: This penny stock jumps 11% after SAIL deal
SEPC shares jumped nearly 11% to Rs 5.47 on Friday after securing an Rs 854.57-crore contract from SAIL for its IISCO Steel Plant expansion in Burnpur. The deal pushes SEPC's consolidated order book past Rs 10,000 crore, nearly 10 times its market capitalisation, providing multi-year revenue visibility.
Stocks in news: Titan, HCL Tech, Adani Ports and Utkarsh SFB
Indian equities extended their recovery on Tuesday, driven by positive global cues and corporate updates. The Nifty 50 index closed at 22,714.80, marking a gain of 195.05 points. Several companies, including Titan Company and HCLTech, reported encouraging business developments that are likely to impact their stock performance. Technical analysts suggest that the Nifty will remain constructive if it stays above 22,600.
Swastika Infra shares list at 8% premium over IPO price on NSE, BSE
The public issue opened for subscription on September 23 and closed on September 25, 2026. The issue was subscribed 7.91 times overall. The retail portion was subscribed 5.64 times, while the non-institutional investor (NII) category received 19.35 times subscription. The qualified institutional buyer (QIB) portion was subscribed 3.31 times.
Stocks in news: Tata Steel, KPI Green Energy, NLC India, Poonawalla Fincorp and Cummins India
Indian equity benchmarks faced a decline as both the Nifty 50 and BSE Sensex hit six-month lows. The Nifty 50 saw a drop of 64.05 points, or 0.28%, closing at 22,716.20. Notably, Tata Steel announced a favorable tax order and made significant investments in its subsidiary. Other companies including Poonawalla Fincorp and Cummins India reported various corporate developments affecting their market positions.
Jewellery firm Royal Chain, paints maker Technopaints file papers for IPOs; target fundraise of Rs 1,500 cr
As of June 30, 2026, Royal Chain had a product portfolio of more than 27,000 designs. Its offerings are marketed under in-house brands including Rico, SAR and Anamitra, a children's jewellery brand, as well as collections such as Aalishaan Jewels, Orant and Indigo.
KPI Green Energy bags ₹2025 crore from NACOF Oorja for turnkey 500 MW/550 MWp solar power plant in Rajasthan
KPI Green Energy received an order worth ₹2025 crore from NACOF Oorja for a turnkey 500 MW/550 MWp solar photovoltaic power project. The project is to be developed by NOPL at Dantoor village in Bikaner, Rajasthan. The company would be completely responsible for the engineering, procurement and construction of the order and is scheduled to be completed within 12 months of handing over the project site.
Ellenbarrie Industrial Gases shares rise 5% after securing Rs 481 crore order from BHEL
Ellenbarrie Industrial Gases shares rallied 5.10% after the company secured a Rs 481-crore contract from BHEL to build a 1,200 TPD cryogenic Air Separation Unit for its Coal to Ammonium Nitrate Project. The turnkey project will be executed over eight quarters and is expected to be commissioned in FY29, expanding Ellenbarrie’s presence in India’s coal gasification ecosystem.
Nearly 7 billion litres without a market: Ethanol glut in India fuels search for new buyers
India’s ethanol industry is deluged with severe oversupply, with nearly 7 billion litres of capacity without a clear market. Installed capacity has reached about 20 billion litres, while E20 blending needs around 11 billion litres and non-fuel sectors consume another 3–3.5 billion litres.
Deon Energy files draft papers with Sebi to raise funds via IPO
Deon Energy, an Ahmedabad-based solar EPC firm, is set to launch an IPO to gather capital. This offering will feature a fresh equity share issue coupled with a promoter's sale of shares. The funds raised aim to establish a 30 MW solar power plant in Gujarat while also boosting working capital and covering essential corporate expenses.
Swastika Infra IPO Day 3: Issue subscribed 7.6 times; GMP signals 5% premium — Check key details
Swastika Infra IPO recorded a subscription rate of 7.60 times by the final day of bidding. The issue price is set between Rs 175 and Rs 185 per share, with a lot size of 81 shares. The proceeds from the IPO aim to fund Rs 90 crore for working capital and general corporate purposes. Financial performance for FY26 noted a total income increase of 43% year-on-year.
Swastika Infra IPO opens for subscription today: GMP signals 5% listing gain
Swastika Infra IPO opened for subscription today and will remain open until September 25, 2026. The issue includes a fresh share offering and an offer for sale, totaling Rs 160.88 crore. The company plans to utilize Rs 90 crore for working capital and general corporate purposes. The IPO price band is set between Rs 175 and Rs 185 per share.
Sterling and Wilson Renewable Energy bags orders worth Rs 985 crore in India, South Africa
Sterling and Wilson Renewable Energy has secured new orders valued over Rs 985 crore. These significant orders were obtained from both domestic and international markets. The company will execute a Balance of System package in Rajasthan. Additionally, two projects in South Africa involve Battery Energy Storage Systems. This expansion highlights the company's growing presence in renewable energy solutions.
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